SHANGHAI MILKGROUND FOOD TECH CO., LTD |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 13.75 CNY | -1.29% |
|
+12.89% | -14.44% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 5,968 | 23,372 | 28,908 | 16,432 | 8,096 | 7,014 | - | - |
| Enterprise Value (EV) 1 | 5,968 | 23,372 | 26,835 | 16,454 | 8,096 | 5,886 | 5,779 | 7,014 |
| P/E ratio | 310 x | 394 x | 170 x | 119 x | 128 x | 47.9 x | 34.6 x | 27.9 x |
| Yield | - | - | - | - | - | - | - | - |
| Capitalization / Revenue | 3.42 x | 8.21 x | 6.46 x | 3.4 x | 2 x | 1.53 x | 1.32 x | 1.2 x |
| EV / Revenue | 3.42 x | 8.21 x | 5.99 x | 3.41 x | 2 x | 1.29 x | 1.09 x | 1.2 x |
| EV / EBITDA | - | 146 x | 86.3 x | 46.7 x | 33.3 x | 15.2 x | 12 x | 12.6 x |
| EV / FCF | - | - | -149,881,414 x | -23,114,242 x | - | - | - | - |
| FCF Yield | - | - | -0% | -0% | - | - | - | - |
| Price to Book | 4.72 x | 15.7 x | 6.41 x | 3.7 x | 1.92 x | 1.6 x | 1.51 x | 1.46 x |
| Nbr of stocks (in thousands) | 409,357 | 409,309 | 516,210 | 516,075 | 503,792 | 503,500 | - | - |
| Reference price 2 | 14.58 | 57.10 | 56.00 | 31.84 | 16.07 | 13.93 | 13.93 | 13.93 |
| Announcement Date | 4/29/20 | 4/28/21 | 3/24/22 | 3/22/23 | 3/25/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,744 | 2,847 | 4,478 | 4,830 | 4,049 | 4,576 | 5,323 | 5,869 |
| EBITDA 1 | - | 159.9 | 310.9 | 352 | 243 | 386.7 | 483.3 | 554.7 |
| EBIT 1 | 19.74 | 97.06 | 229.9 | 226.3 | 84.11 | 216.3 | 293.8 | 353.4 |
| Operating Margin | 1.13% | 3.41% | 5.13% | 4.69% | 2.08% | 4.73% | 5.52% | 6.02% |
| Earnings before Tax (EBT) 1 | 22.54 | 95.28 | 232.5 | 235.8 | 83.78 | 208.9 | 299.1 | 358.5 |
| Net income 1 | 19.23 | 59.26 | 154.4 | 135.4 | 63.44 | 149.2 | 207 | 256.7 |
| Net margin | 1.1% | 2.08% | 3.45% | 2.8% | 1.57% | 3.26% | 3.89% | 4.37% |
| EPS 2 | 0.0470 | 0.1450 | 0.3300 | 0.2670 | 0.1260 | 0.2907 | 0.4030 | 0.4986 |
| Free Cash Flow | - | - | -179 | -711.8 | - | - | - | - |
| FCF margin | - | - | -4% | -14.74% | - | - | - | - |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - | - |
| Dividend per Share 2 | - | - | - | - | - | - | - | - |
| Announcement Date | 4/29/20 | 4/28/21 | 3/24/22 | 3/22/23 | 3/25/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 S1 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales | - | 1,334 | 1,286 | 1,308 | 1,235 | 1,000 | 1,023 | 1,043 | 1,009 | - | - | - |
| EBITDA | - | 28.13 | 107.6 | 85.87 | - | - | - | - | - | - | - | - |
| EBIT | - | 54.31 | 107.6 | 84.91 | 11.75 | 22.08 | 40.02 | -2.422 | - | - | - | - |
| Operating Margin | - | 4.07% | 8.37% | 6.49% | 0.95% | 2.21% | 3.91% | -0.23% | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | 42.69 | -4.958 | -13.43 | - | - | - |
| Net income | 111.8 | - | - | - | - | - | 24.2 | 4.365 | 5.312 | - | - | - |
| Net margin | - | - | - | - | - | - | 2.37% | 0.42% | 0.53% | - | - | - |
| EPS | 0.2700 | 0.0100 | 0.1440 | 0.1200 | 0.0200 | -0.0100 | 0.0480 | 0.008000 | 0.0100 | - | - | - |
| Dividend per Share 1 | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 8/10/21 | 3/24/22 | 4/18/22 | 8/17/22 | 10/28/22 | 3/22/23 | 4/25/23 | 8/28/23 | 10/27/23 | - | - | - |
1CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | 21.7 | - | - | - | - |
| Net Cash position 1 | - | - | 2,073 | - | - | 1,127 | 1,235 | - |
| Leverage (Debt/EBITDA) | - | - | - | 0.0616 x | - | - | - | - |
| Free Cash Flow | - | - | -179 | -712 | - | - | - | - |
| ROE (net income / shareholders' equity) | 1.54% | 4.55% | 4.97% | 3.07% | 1.43% | 3.39% | 4.26% | 5.22% |
| ROA (Net income/ Total Assets) | 0.75% | 2.14% | 3.16% | - | - | 2.18% | 3.18% | 3.25% |
| Assets 1 | 2,567 | 2,768 | 4,894 | - | - | 6,859 | 6,519 | 7,900 |
| Book Value Per Share 2 | 3.090 | 3.630 | 8.740 | 8.620 | 8.370 | 8.720 | 9.220 | 9.540 |
| Cash Flow per Share 2 | 0.7100 | 0.6500 | 0.9300 | -0.4000 | 0.5400 | 0.9000 | 0.8300 | 1.110 |
| Capex 1 | 123 | 356 | 616 | 507 | 289 | 205 | 241 | 193 |
| Capex / Sales | 7.03% | 12.51% | 13.76% | 10.5% | 7.13% | 4.49% | 4.53% | 3.28% |
| Announcement Date | 4/29/20 | 4/28/21 | 3/24/22 | 3/22/23 | 3/25/24 | - | - | - |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
BUY
Number of Analysts
11
Last Close Price
13.75
CNY
Average target price
17.05
CNY
Spread / Average Target
+24.01%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -14.44% | 969M | |
| +6.95% | 24.79B | |
| -21.81% | 8.2B | |
| -5.30% | 6.81B | |
| +8.16% | 6.24B | |
| -3.85% | 5.38B | |
| -1.65% | 5.22B | |
| +19.65% | 4.96B | |
| +0.70% | 4.94B | |
| +23.61% | 4.61B |
- Stock Market
- Equities
- 600882 Stock
- Financials Shanghai Milkground Food Tech Co., Ltd
